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Business, 10.11.2020 17:00 mxrvin1350

Luxton Ltd. signed a $378,000, 5-year note payable to buy a new machine. Luxton paid $6,000 cash for transportation of the machine and $900 cash for installation costs. What is the overall effect of this transaction on the accounting equation

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Luxton Ltd. signed a $378,000, 5-year note payable to buy a new machine. Luxton paid $6,000 cash for...

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